Targa Resources
TRGP
360 hedge funds and large institutions have $5.85B invested in Targa Resources in 2016 Q2 according to their latest regulatory filings, with 80 funds opening new positions, 124 increasing their positions, 103 reducing their positions, and 42 closing their positions.
200% more call options, than puts
Call options by funds: $162M | Put options by funds: $53.9M
90% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 42
47% more capital invested
Capital invested by funds: $3.97B → $5.85B (+$1.88B)
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
20% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 103
11% more funds holding
Funds holding: 325 → 360 (+35)
3.71% more ownership
Funds ownership: 82.73% → 86.45% (+3.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$116M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$71.2M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$71.1M |
| 4 |
Jennison Associates
New York
|
+$63.5M |
| 5 |
Morgan Stanley
New York
|
+$53.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$103M |
| 2 |
Millennium Management
New York
|
-$84.6M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$78.8M |
| 4 |
OA
Omega Advisors
New York
|
-$62.4M |
| 5 |
TP
Third Point
New York
|
-$53.7M |
TRGP Hedge Fund Activity: Q2 2016 in Review
360 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q2 2016, worth a combined $5.85B — up 47% from $3.97B a quarter earlier.
Buyers outnumbered sellers: 80 funds opened new TRGP positions and 42 closed out — a net gain of 38 holders — while 124 added to existing stakes and 103 trimmed.
The largest buyer was Kayne Anderson Capital Advisors, adding an estimated $116M. The largest seller was Tortoise Capital Advisors, cutting an estimated $103M.
- 360 institutional investors held Targa Resources (TRGP) as of Q2 2016, up from 325 in Q1 2016.
- Funds reported $5.85B of Targa Resources stock for Q2 2016, up 47% quarter-over-quarter.
- 80 funds opened new Targa Resources positions in Q2 2016 and 42 closed out, a net change of +38 holders.
- The largest Targa Resources buyer in Q2 2016 was Kayne Anderson Capital Advisors, an estimated $116M added.
- The largest Targa Resources seller in Q2 2016 was Tortoise Capital Advisors, an estimated $103M sold.
Based on aggregated 13F filings for Q2 2016.